Senior Product Manager Salary

Senior Product Managers in the United States can look forward to a sizeable six-figure salary — around $120K per year on average. Total cash incomes of Senior Product Managers run from $88K to $166K, depending on bonuses that can occasionally exceed $25K, profit sharing that reaches $20K, and some commissions of nearly $30K. The specific employer is the main element affecting pay for this group — the particular city and years of experience are driving factors as well. Work is reasonably fulfilling for most Senior Product Managers — the majority report average levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. The data in this summary comes from the PayScale salary survey.

$83,250 - $151,042
$83K
$120K
$150K
MEDIAN: $119,535
10%
50%
90%

Add this chart to your site: 640px    300px

$19.00 - $87.43
$19
$62
$87
MEDIAN: $62.27
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$83,250 - $151,042  
   
Bonus
$3,455 - $25,165  
Profit Sharing
$0.00 - $20,211  
Commission
$-0.50 - $29,799  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$87,630 - $165,618  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 2,724
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$19.00 - $87.43  
   
Overtime
$22.50  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$3,455 - $25,165  
   
Commission
$-0.50 - $29,799  
Profit Sharing
$0.00 - $20,211  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$87,630 - $165,618  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 34

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

Read More...

Senior Product Manager Tasks

  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.
  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.

Common Career Paths for Senior Product Manager


Add this chart to your site:   640px 640px    300px 300px


Senior Product Managers may experience a large salary bump if they progress into a role such as VP of Product Management. The latter position pays an average of $180K annually. A Product Management Director role is the most common promotion for Senior Product Managers moving up the ladder, and pay for the position tends to be around the $140K mark. Another typical, albeit less common, transition for Senior Product Managers is a Marketing Director position, where earnings are usually $80K.

Senior Product Manager Job Listings

Search for more jobs:

Popular Employer Salaries for Senior Product Manager


Known for taking on a considerable number of Senior Product Managers, Amazon.com Inc, T-Mobile, Inc., General Electric Co (GE), Cisco Systems Inc, and Oracle Corp. are leading firms in the industry. Heading up the field in terms of compensation, Hewlett-Packard Company offers the most; Senior Product Managers earn $180K on average there. Other big spenders include Genentech, Inc., Cisco Systems Inc, and Google, Inc., top-paying firms where Senior Product Managers see paychecks nearing $166K, $164K, or $162K.

Also approaching the lower end are Charles Schwab & Co., Inc. at $109K, T-Mobile, Inc. at $115K, and General Electric Co (GE) at $126K.

Popular Skills for Senior Product Manager


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Strategy, Agile Software Development, End User Requirements Research, and Program Management are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel, Project Management, and Marketing Management. Most people skilled in Product Development are similarly competent in Business Strategy, Product Marketing, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Pay by Experience for a Senior Product Manager has a positive trend. An entry-level Senior Product Manager with less than 5 years of experience can expect to earn an average total compensation of $118,000 based on 606 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Product Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $127,000 based on 1,196 salaries. An experienced Senior Product Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $131,000 based on 1,219 salaries. A Senior Product Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $131,000 based on 333 salaries.

Pay Difference by Location

National Average: $127,639

Larger city markers indicate a job is popular in that location.

Palo Alto, San Jose, and San Francisco — each tucked away in California — boast salaries above the national rate for Senior Product Managers, making this state top of the list for those looking to make even more money in this profession. With compensation 11 percent below the national average, Atlanta is not known for hefty paychecks and actually represents the lowest-paying market. A couple other locations with smaller-than-average paychecks include Dallas and Portland (8 percent lower).

Related Job Salaries

Key Stats for Senior Product Manager

Gender

Female
31 %
Male
69 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 305 votes.
Less than 1 year
0%
1-4 years
14%
5-9 years
32%
10-19 years
41%
20 years or more
13%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Product Manager Salaries

▲3%

▲3%

National Average
$128,000

▼1%

▼7%

Skills That Affect Senior Product Manager Salaries

▲4%







Product Marketing
▼0%

Business Development
▼0%

National Average
$128,000







Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 305 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
0%
1-4 years
14%
5-9 years
32%
10-19 years
41%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 88%
vision benefits
Vision: 80%
no benefits
None: 5%
ADVERTISEMENT